As the firm announces a settlement of suits brought by Preston Hollow Community Capital, Nuveen announced that John Miller is retiring and will be replaced by Daniel Close.
Fiduciaries are citing the high costs of legislation restricting the use of ESG, and some state leaders are listening.
MSCI announced an adjustment that will lower its ESG scores on about 31,000 funds.
A big client moved $2 billion from a different Xtrackers ESG exchange-traded fund to the new fund, the Xtrackers MSCI USA Climate Action Equity ETF.
The hiring of Rachel Curley comes amid other leadership changes at the industry group, including a new CEO.
Zineb Bennani has worked for parent firm Natixis since 2005.
Financial advisors offer their thoughts on sustainable investing, how politics is affecting it, what clients want to know and how it could help or hurt their practices.
Interest both for and against sustainable investing will almost certainly be rising — and that means that financial advisors can’t afford to ignore it.
Excluding the iShares ESG Aware ETF, sustainable funds saw positive net sales so far this year, according to data from Morningstar Direct.
While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.
